Author: Chacha.
"Plug-in Mixed Double" 7Starting from 980,000 yuan, BYD shouted that "electricity is lower than oil".
On February 19, the BYD Qin PLUS and Destroyer 05 Glory Edition were launched. 7.The starting price of 980,000 yuan made BYD shout the slogan of "electricity is lower than oil". Li Yunfei, general manager of BYD's brand and public relations department, said that thanks to BYD's large-scale effect and the advantages of the whole industry chain, BYD's plug-in hybrid can be lower than that of fuel vehicles of the same level, not only lower than fuel vehicles, but also can be fueled and electric, and ultra-low fuel consumption. 
Interpretation:A year ago, BYD shouted the slogan of "the same price of oil and electricity". Give Qin PLUS DM-i2023 Champion Edition 9The subversive price of 980,000. Everyone thinks that this should be the lowest price of new energy A-class cars.
Who would have thought that at the beginning of 2024, BYD will launch the ** war again. Its sedan Qin plus Glory Edition was launched, and the lowest ** hit 7980,000, which has exploded the automobile industry. According to the words of industry insiders, as soon as this price comes out, the automobile market below 100,000 yuan will be bleeding. Of course, BYD is not the old car owner who wants to backstab, it is really aiming at fuel vehicles. As we all know, China's automobile market has long been saturated, and new energy vehicles can only seize the share from fuel drivers to fight sales. What BYD wants to seize this time is the compact fuel vehicle market of less than 100,000 led by Japanese joint venture cars. You must know that after the BYD Qin plus ** is lowered, it is not only low, but also does not need to purchase tax, coupled with the power advantage of new energy vehicles, it can be said that it is a *** fuel vehicle market Of course, as the old saying goes, you get what you pay for. Whether there are good goods in the end, we don't dare to draw conclusions now, after all, there are more than 800 complaints about BYD Qin on the black cat complaint. In the circle of car friends, you can also brush up on complaints about old car owners from time to time. What is the quality of BYD, car lovers can comment on the area**. Back to the point. Aside from the halo of the light of domestic products, BYD's round of price cuts actually has its own pressure. As we all know, BYD will be very good in 2023, selling a total of 3.02 million units throughout the year, of which 300,000 units of Qin PLUS DM-i will be sold, accounting for one-tenth of the total. In 2024, BYD has set itself a target of 4.5 million units. According to the sales composition in 2023, the sales volume of the Qin Plus DM-i needs to reach more than 450,000 units, which is an average of 37,500 units per month. But in January this year, the Qin PLUS DM-i sold only 20,318 units, and the ranking also fell to 9th. Based on such sales performance, it is obvious that the target will not be achieved. Therefore, BYD chose to wave the ** butcher knife at the beginning of the year. After BYD's official price cut, new energy vehicle brands including Wuling Star, Beijing Hyundai Elantra, and Changan Qiyuan have also reduced prices. The follow-up of these brands may be to follow up on BYD's pace and start a decisive battle with fuel vehicles, or it may be a helpless choice. But in any case, the first battle in the automobile market within 100,000 has officially begun! In the face of BYD's ** butcher's knife, fuel vehicles may have no choice but to reduce prices. What do you think of BYD's price cut this time? Welcome to chat in the comment area.
BAIC Blue Valley responds! The model in collaboration with Huawei is scheduled to be launched this year
On February 19, BAIC Blue Valley replied to investors on the interactive platform that the first model under the cooperation with Huawei's smart selection model is planned to be launched on the market this year, and the model is positioned as a high-end smart car. The model is designed to meet consumer demand for high-quality mobility. The progress of the cooperation will be disclosed to the public in due course. Previously, Huawei and BAIC's smart car project related to the ** outflow, and it was rumored that it will be released at the 2024 Beijing Auto Show, named "Xiangjie". 
Interpretation:The cooperation between BAIC Blue Valley and Huawei can be traced back to 2017, when the two parties signed a cooperation agreement and jointly established the HBT project team, and Huawei's engineering team also has a permanent office at BAIC Blue Valley headquarters.
Since then, the two sides have further deepened cooperation on the original basis and signed a number of agreements to expand cooperation. At the 2021 Shanghai Auto Show, BAIC Blue Valley and Huawei jointly launched the ARCFOX Alpha S HI Edition, which attracted wide attention in the industry, and this model is the first batch of mass-produced models equipped with Huawei's HI intelligent vehicle solution and supporting intelligent driving on urban roads. However, although this model reflects Huawei's strength in intelligent driving technology, it has not met expectations in terms of market performance, the actual benefits of the HI model are not obvious in terms of driving sales, and the ARCFOX Alpha S HI version has also experienced delayed deliveries after its launch. It wasn't until 2023 that the ARCFOX Alpha S also joined the ranks of the "big fight", and so far, the sales of the ARCFOX Alpha S have increased significantly, up 138% year-on-year, reaching 30,016 units. As an early adopter of Huawei's technology, JiHu's addition to the Smart Car series may reflect a re-evaluation of the HI model. For JiHu, although it faces challenges such as brand operating losses in its intelligent transformation, a deeper integration of Huawei's intelligent cockpit and autonomous driving technology may be one of its strategies to seek a turnaround. In the context of the increasingly intelligent pursuit of the automotive industry, OEMs generally want to maintain control over key technologies. However, the delayed delivery and unsatisfactory sales of the ARCFOX Alpha S HI Edition indicate that the two parties will jointly explore a more effective cooperation model. The goal of the upgrade of the cooperation between BAIC Blue Valley and Huawei may be to achieve further success in the highly competitive automotive market.
Xiaomi Auto was exposed to layoffs
Recently, according to Xiaomi's internal employees, Xiaomi Auto will carry out large-scale layoffs at the end of February, that is, on February 29. There is no room for negotiation in this layoff, only notice, and the standard of compensation is N+1. Some industry insiders commented that Xiaomi's move has the meaning of "unloading the mill and killing the donkey".
Toyota Industries will be regulated for falsifying engine emissions data
On February 20, according to Nikkei, Japan's Ministry of Land, Infrastructure, Transport and Tourism will take regulatory action against Toyota Industries' fraudulent behavior in engine emission standards. Japan's Ministry of Land, Infrastructure, Transport and Tourism is considering whether to revoke the certification of excavator engines manufactured by Toyota Industries. 
Will Stellantis produce Leap electric cars in Italy? Leapmotor has not responded yet
According to Yicai, it was recently reported that Stellantis Group is considering the production of Leap brand electric vehicles at the Mirafiori plant in Italy, with a planned output of 150,000 units. The project, which will start production as early as 2026 or 2027, is part of an agreement between Stellantis Group and Leapmotor to produce Leapmotor products. Notably, the Mirafiori plant is currently home to the Fiat 500e and Maserati, and in early January, the Stellantis group announced that it would lay off about 2,250 workers at the plant in response to weak demand. As of press time, Leapmotor has not responded to the above information.
Geely Automobile sold the equity of Ruilan Automobile
On February 20, Geely Automobile announced on the Hong Kong Stock Exchange that Zhejiang Jirun, a subsidiary of the Company, entered into an equity transfer agreement with Geely Qizheng, pursuant to which Zhejiang Jirun agreed** and Geely Qizheng agreed to purchase 45% of the equity of Ruilan Automobile at a cash consideration of 50.4 billion yuan. **Upon completion of the event, the Group will no longer own any equity interest in Ruilan Automobile, and it is expected that the Group will record a gain of approximately 11.7 billion yuan. 
BYD: At present, there is no corresponding commercial layout for hydrogen energy vehicles
On February 20, BYD replied on the interactive platform, "Does the company currently have a layout of hydrogen energy vehicles?" He said that the company has not made a corresponding commercial layout at present, but the company actively pays attention to the development of various technical routes in the market and will make a layout based on its own needs.
Gaohe Automobile laid off some of the outsourced employees of the Yancheng plant
On February 20, a regular employee of Gaohe Automobile's Yancheng plant said that the dismissed outsourced employees belonged to JD.com, and that the salary and compensation were paid by JD.com, and had nothing to do with Gaohe Automobile. At present, none of the regular employees of the Yancheng plant have been compensated, and Gaohe Automobile has not issued a formal notice so far. JD.com's outsourced employees are mainly responsible for logistics-related work. On February 19, it was reported that Gaohe Automobile laid off more than 100 outsourced employees at its Yancheng plant, and the compensation plan was to multiply the average monthly salary by n times (n is the number of years of service), of which the part less than half a year was made up to half a year, and the part that exceeded half a year was calculated as a full year.
Tuhu signed a comprehensive cooperation agreement with Huawei
On February 20, Tuhu and Huawei signed a comprehensive cooperation agreement to carry out comprehensive cooperation in various fields, including the construction of the HarmonyOS ecosystem, digital innovation, and the exploration of new business formats for full-scenario after-sales service. Tuhu has started the development of HarmonyOS native applications, gradually adapting to a number of functions such as atomic card display. Earlier, Tuhu also launched a "cloud-based" innovation with HUAWEI CLOUD and launched an auto parts traceability platform based on HUAWEI CLOUD blockchain technology, providing first-class authenticity verification and anti-counterfeiting traceability certification for auto parts in the circulation process, effectively promoting the standardized, transparent, and efficient development of auto parts circulation.
European auto parts giant Forvia plans to lay off 10,000 employees
On February 19, Forvia, France's largest automotive equipment company, said that it intends to cut up to 10,000 jobs in Europe over the next five years, including at its subsidiary Hella, as part of its new "EU-FORWARD" plan. The world's seventh-largest automotive equipment company** said it plans to reduce its European workforce by 13% through attrition and a significant reduction in hiring in Europe. 
The agency estimates that the global sales of new energy vehicles in 2024 will be 16.87 million, a year-on-year increase of 295%
On February 20, according to TrendForce, the global new energy vehicle (NEV; Including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles, the total sales volume was 13.03 million units, with an annual growth rate of 298%, compared to 542% decreased significantly, of which 9.11 million pure electric vehicles (BEV) were electric, with an annual growth rate of 24%; Plug-in hybrid electric vehicles (PHEVs) were 3.91 million units, with an annual growth rate of 45%. The agency estimates that the sales of new energy vehicles in 2024 will be 16.87 million units, with an annual growth rate of 295%。
The State Administration of Financial Supervision issued the Measures for the Supervision and Rating of Auto Finance Companies
On February 19, the State Administration of Financial Supervision and Administration issued the Measures for the Supervision and Rating of Auto Finance Companies. The first of the "Rating Measures" clarifies the elements and methods of regulatory ratings. The Rating Measures set up six rating elements, including corporate governance, capital management, risk management, professional service capabilities, consumer rights protection and information technology management, with a score weight of % and 10% respectively, and stipulate the scoring principles. The second is to clarify the implementation process of regulatory rating organizations. The regulatory rating of auto finance companies shall be carried out in accordance with the preliminary evaluation, re-evaluation, review, and feedback of regulatory rating results. The regulatory rating results are classified from good to bad on a scale of 1-5 and S, and the higher the value of the regulatory rating results, the greater the risk of the institution, and a higher degree of regulatory attention needs to be paid. The third is to clarify the principles and measures of categorical supervision. It is stipulated that the results of regulatory rating shall be used as the main basis for regulators to formulate and adjust regulatory plans, allocate regulatory resources, and take regulatory measures and actions, and serve as prudential conditions for the hierarchical and classified supervision of auto finance companies' businesses. BYD